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Tag Archives: buyers

Got money to lend…

I was talking with one of my mortgage brokers today…  We are planning on doing a few podcasts, and he is a pretty cool guy, so we like to jabber every once in a while anyway.  But there were a couple of things that Ken said to me as I was wandering around the store looking for birthday presents for a 4 year old and a 2 year old.

Lane, I have money here and I can’t find anyone to take it…

I’m watching the news, and I’m reading about the real estate markets and the “credit crisis”… and from that I get the impression that

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Housing starts fall to the lowest level in 17 years… and it is good!

Just off the wires in the latest housing news…

WASHINGTON (MarketWatch) — Construction of new homes dwindled to the second-lowest level in 50 years last month, as home builders sought to reduce the number of unsold inventories in an elusive quest to find the bottom of the historic housing collapse, according to government data Friday.
Housing starts fell 6.3% in September to a seasonally adjusted annual rate of 817,000, the lowest since January 1991 and just 19,000 above the record low, the Commerce Department estimated.
Starts of single-family homes tumbled 12% to an annual rate of 544,000, the lowest since February 1982 and the fourth-lowest ever. Read the full government report.
Housing starts were also revised lower in July and August. Starts in August were revised to 872,000, down from 895,000.

Of course, the big question is how can this be GOOD news?

It comes down to

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So, how does one get property at a deal price?

I wrote a post not long ago about about foreclosures, and how they aren’t always the great deal people make them out to be.  That led to two things…

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Sneak Preview of my Market Report for Gwinnett County

I will have the Market Report for Gwinnett County in the next day or two, but I thought I would leak a little of the information. 

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Have you been left wondering how we’ve gotten here?

There are so many things going on in the world of finance right now.  I know that you are hearing about things like:

  • Mark to Market
  • Credit Market Freeze
  • Derivatives
  • Sub-Prime Mortgage Meltdown
  • Mortgage Backed Securities (MBS)

And there are a hundred more… 

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